Cadiz (NASDAQ:CDZI) Stock, Quote.Headers.trade-ideas

Cadiz

Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.

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CDZI

Archer Daniels Midland (NYSE: ADM) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.

Archer Daniels Midland Q2 Earnings and Revenues Miss Estimates

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The Dow Jones index closed higher by around 10 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Retractable Technologies And 3 Other Stocks Under $3 Insiders Are Buying

Cadiz Inc

Management

Cadiz Appoints Cathryn Rivera As COO To Lead Execution Of Groundbreaking Groundwater Banking Project And Expansion Of Water Treatment Technologies, Effective September 16, 2024

WIIM

Cadiz shares are trading higher after the company announced it secured water purchase agreements for 85% capacity of its Northern Pipeline.

umulative total acre-feet per year under contract for delivery via the Northern Pipeline to 21,275 acre-feet per year.
&nbsp;
Under the five water supply agreements signed so far this year, the Project is expected to deliver an annual supply of water under "take-or-pay" contracts over 40 – 50 years.&nbsp; The Northern Pipeline, which stretches approximately 220-miles northwest from Cadiz, California through San Bernardino and Kern Counties, has a total capacity of 25,000 AFY and is capable of serving remote desert and Inland Empire communities that currently rely upon imported water from Northern California through the California State Water Project.

Contracts

Cadiz Secures Water Purchase Agreements For 85% Capacity Of "Northern Pipeline"

Archer Daniels Midland (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adm#NYSE">ADM</a>) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -16.26%. A quarter ago, it was expected that this agribusiness giant would post earnings of $1.35 per share when it actually produced earnings of $1.46, delivering a surprise of 8.15%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
ADM, which belongs to the Zacks Agriculture - Operations industry, posted revenues of $22.25 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.08%. This compares to year-ago revenues of $25.19 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
ADM shares have lost about 12.4% since the beginning of the year versus the S&amp;P 500&#39;s gain of 14.5%.
What&#39;s Next for ADM?
While ADM has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ADM: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.40 on $21.12 billion in revenues for the coming quarter and $5.54 on $88.71 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Agriculture - Operations is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Cadiz (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdzi#NASDAQ">CDZI</a>), is yet to report results for the quarter ended June 2024.
This renewable resource company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +23.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Cadiz&#39;s revenues are expected to be $4 million, up 393.8% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2311602/archer-daniels-midland-adm-q2-earnings-and-revenues-miss-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2311602">To read this article on Zacks.com click here.</a>

As of July 23, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">National Fuel Gas Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>)</h3>
<ul>
<li>On July 12, Scotiabank analyst Cameron Bean maintained National Fuel Gas with a Sector Outperform rating and raised the price target from $75 to $80. The company's stock gained around 4% over the past month and has a <a href="https://www.benzinga.com/quote/NFG">52-week high of $58.60</a>.</li>
<li>RSI Value: 70.48&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NFG Price Action: Shares of National Fuel Gas gained 1.4% to close at $58.29 on Monday.</li>
</ul>
<h3 class="wp-block-heading">Cadiz Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>)</h3>
<ul>
<li>On July 18, Cadiz said its operating subsidiary ATEC Water Systems, LLC secured three additional sales contracts for iron and manganese filtration systems totaling an expected $1.5 million in sales revenue. The company's stock gained around 20% over the past month and <a href="https://www.benzinga.com/quote/CDZI">has a 52-week high</a> of $4.30.</li>
<li>RSI Value: 71.99</li>
<li>CDZI Price Action: Shares of Cadiz rose 0.3% to close at $3.68 on Monday.</li>
</ul>
Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39881526/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></li>
</ul>

Filters will provide iron and manganese treatment for groundwater in Wisconsin, Nevada and Washington cleaning water supply for a variety of communities
LOS ANGELES, July 18, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>) ("Cadiz" or the "Company"), a California water solutions company, today announced the Company's operating subsidiary ATEC Water Systems, LLC ("ATEC") secured three additional sales contracts for iron and manganese filtration systems totaling an expected $1.5 million in sales revenue.

Cadiz's ATEC Water Systems Secures 3 New Sales Contracts Expected To Add $1.5M In 2024 Revenues

Cadiz Plans Expansion With New 50-Year Water Delivery Partnership, Inks Pact With The Santa Margarita Water District To Deliver Water From The Cadiz Water Supply And Storage Project Through Company's Northern Pipeline

75,000 acre-feet of water supply will support sustainable growth and groundwater recharge in the Mojave River Basin.
LOS ANGELES and HESPERIA, Calif., June 10, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>) ("Cadiz" or the "Company"), announced that on June 5th the Company signed a Letter of Intent ("LOI") to provide 75,000 acre-feet of water supply to the City of Hesperia as part of the Company's commitment to the "One Water" Initiative in San Bernardino County's Mojave River Basin.

Cadiz Signs LOI To Provide 75K Acre-Feet Of Water Supply To The City Of Hesperia

Guidance

Cadiz Subsidiary ATEC Water Systems, Awarded $5.2M Contract; Increases ATEC's FY24 Revenue Forecast From $12M To $15M

Company's Critical Inflection Point Under Susan Kennedy's New Leadership Drives Expansion of Investor Communications
Recent Form 4 Filing Disclosed CEO's Purchase of Shares of CDZI to Align with Shareholders
LOS ANGELES, May 9, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>, CDZIP)))) ("Cadiz" or the "Company"), a California water solutions company, has engaged international investor relations specialists MZ Group ("MZ") to lead a comprehensive strategic investor relations and financial communications program across all key markets at a pivotal inflection point for the Company. Several key developments over the last six months demonstrate this inflection point including critical permitting and contracting milestones in the development of water and infrastructure assets.
MZ Group will work closely with Cadiz management to develop and implement a capital markets strategy designed to increase the Company's visibility throughout the investment community.

Cadiz Engages MZ Group To Enhance Strategic Investor Relations Program

Innovative "Solomon Hills"&nbsp;project will support 4,000 Central Coast working families near Vandenberg Space Force Base

Cadiz Announces Water Supply Agreement With Solstra Communities To Support Housing In Santa Barbara County; Water Supply From Cadiz Delivered Through Exchanges Of Water With Regional Water Contractors Using Its Northern Pipeline

Cadiz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>) reported quarterly losses of $(0.12) per share. This is a 20 percent increase over losses of $(0.15) per share from the same period last year. The company reported $684.00 thousand in sales this quarter. This is a 19.16 percent increase over sales of $574.00 thousand the same period last year.

Cadiz Q4 EPS $(0.12) Up From $(0.15) YoY, Sales $684.00K Up From $574.00K YoY

Heerema to acquire $21.2 million Senior Secured Loan and provide the Company an additional $20 million to fund capital investments for revenue generation, operations and growth.

Financing

Cadiz And Heerema IGS Announce Financing Agreement; Heerema To Acquire $21.2M Senior Secured Loan And Provide Additional $20M

Cadiz Appoints Susan Kennedy As CEO, Effective Jan. 1

The Dow Jones index closed higher by around 10 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Cadiz </h3>
<ul>
<li>The Trade: Cadiz Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdzi#NASDAQ">CDZI</a>) CEO Susan P Kennedy <a href="https://www.benzinga.com/quote/CDZI/analyst-ratings"> acquired a total of 6,762 shares </a> an average price of $2.81. To acquire these shares, it cost around $18,999.</li>
<li>What&rsquo;s Happening: Cadiz, during November, signed agreement with San Bernardino County and water project agencies to reserve water supply for desert communities.</li>
<li>What Cadiz Does: Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture.</li>
</ul>
<h3>Lument Finance Trust</h3>
<ul>
<li>The Trade: Lument Finance Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lft#NYSE">LFT</a>) President James Henson <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 15,000 shares at </a> at an average price of $2.37. To acquire these shares, it cost around $35,572.</li>
<li>What&rsquo;s Happening: Lument Finance Trust, during November, reported its third quarter distributable earnings of $6.0 million, or 11 cents per share.</li>
<li>What Lument Finance Trust Does: Lument Finance Trust Inc operates as a real estate investment trust. The company is engaged in investment, financing, and management of a portfolio of commercial real estate debt investments.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36489301/wall-streets-most-accurate-analysts-say-buy-these-3-energy-stocks-delivering-high-divide"> Wall Street&#39;s Most Accurate Analysts Say Buy These 3 Energy Stocks Delivering High-Dividend Yields </a>
<h3>Retractable Technologies </h3>
<ul>
<li>The Trade: Retractable Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rvp#NYSE">RVP</a>) President and CEO Thomas J Shaw <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 5,522 shares </a> at an average price of $1.09. The insider spent around $6,019 to buy those shares.</li>
<li>What&rsquo;s Happening: On Nov. 14, Retractable Technologies reported that its loss from operations was $8.7 million for the first nine months of 2023.</li>
<li>What Retractable Technologies Does: Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.</li>
</ul>
<h3>Sharps Technology </h3>
<ul>
<li>The Trade: Sharps Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stss#NASDAQ">STSS</a>) Director Timothy J. Ruemler <a href="https://www.benzinga.com/quote/STSS/analyst-ratings"> acquired a total of 9,466 shares </a> at an average price of $0.40. The insider spent around $3,786 to buy those shares.</li>
<li>What&rsquo;s Happening: The company&rsquo;s stock fell around 17% over the past month.</li>
<li>What Sharps Technology Does: Sharps Technology Inc is a medical device company. It offers syringes and other safety products.</li>
</ul>

Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Cadiz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>, the ", Company", )))) is pleased to announce that today the U.S. Bureau of Land Management ("BLM") issued a final decision approving the assignment of a Mineral Leasing Act right-of-way ("ROW") grant to Cadiz for the Company's Northern Pipeline. BLM's approval of the ROW grant to Cadiz completes the Company's acquisition of the 220-mile pipeline from El Paso Natural Gas ("EPNG") and will allow the company to advance project development on several fronts.&nbsp;
"We're excited to cross this milestone," said Susan Kennedy, Executive Chair of Cadiz. "The Northern Pipeline is the backbone of Cadiz's clean water and clean energy projects. Repurposing existing fossil fuel infrastructure to support clean water, green hydrogen and low-emission generation is the key to climate adaptation. The BLM staff did a great job sorting through a lengthy review process. We're excited to move forward."
Cadiz completed purchase of the Northern Pipeline from EPNG in 2020. As part of the purchase agreement, EPNG assigned the 30-year MLA ROW grant to Cadiz subject to BLM's approval. Today's decision by the BLM approves EPNG's assignment of the MLA ROW to Cadiz as required under the 2020 purchase agreement.

The U.S. Bureau Of Land Management Approves Mineral Leasing Act Right-Of-Way Grant To Cadiz For Northern Pipeline; Assignment Of MLA ROW Grant Clears Title For Financing

Executive Chair, Susan Kennedy, to Step into Full-time Role as CEO, Water-law Expert Scott Slater to continue Serving as Senior Advisor, and the Company to Create Two New Executive Positions as Project Development Ramps Up
LOS ANGELES, Dec. 7, 2023 /PRNewswire/ --&nbsp;Cadiz, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>, the ", Company", )))) is pleased to announce today that Susan Kennedy, Executive Chair of the Board of Directors, will step into a full-time role as the Company's Chief Executive Officer ("CEO") beginning January 1, 2024.&nbsp; Scott Slater, who has served as President and CEO of Cadiz since 2011, plans to continue to serve as a senior advisor to the Company. The Company also plans to create two new executive positions in 2024, one focused on development and operation of the Cadiz Water Supply and Storage Project and one focused on scaling the Company's wholly owned water filtration business, ATEC Water Systems, LLC.
"Cadiz is at a critical inflection point," Kennedy said. "It's time to scale up our development and operational capabilities. These next two years will be about building out our water infrastructure assets, scaling deployment of our water filtration technology and exploring new commercial opportunities such as hydrogen."
"We're in a strong position," Scott Slater said. "I'm proud of the milestones we've reached and looking forward to helping the company jump to the next level of development. I am particularly proud of what we've accomplished with the acquisition of pipeline and technology assets and am looking forward to seeing those assets monetized and scaled."
"Scott and Susan have done a remarkable job setting the company up for this moment," Winston Hickox, Cadiz' lead independent director said. "Between Scott Slater's water law and industry expertise and Susan Kennedy's operational and political capabilities, the company is positioned to scale at a time when access to clean, reliable water around the world is becoming more challenging due to the impacts of climate change."
Scott Slater is a legendary water rights attorney with unmatched depth in some of the most complex and historic water transactions in United States' history. Slater was appointed President of Cadiz in 2011 and named CEO in 2013 while also maintaining his shareholder position at Brownstein, Hyatt, Farber, Schreck, ranked as one of the best law firms in the U.S. on Water Law and Land Use. The Board thanks Scott for leading the design and approval of the largest fully integrated groundwater conservation and storage project in California, and successfully defending the permits through a decade of litigation, appeals and regulatory challenges. Slater innovatively led the company's acquisition of pipeline assets from El Paso Natural Gas in 2020, setting the Company up to be first in the world to convert fossil fuel pipelines to transport water. In 2022, Slater led Cadiz' acquisition of ATEC Water Systems, a water filtration company with market-leading filtration technology able to address the rapidly increasing threat of groundwater contamination from iron and manganese, arsenic, nitrates, Chromium-6 and other chemicals.
Kennedy, who has served as Cadiz's Executive Chair since 2021, will take over as full time CEO in January 2024. Slater plans to continue supporting Cadiz in 2024 in a consulting capacity, focused on completing numerous transactions related to the water supply and storage project, ATEC Systems, green hydrogen development and other commercial opportunities.
Since Cadiz acquired the ATEC business in Q4 2022, ATEC has secured contracts and begun production on projects expected to generate significant revenues for the company in FY 2024.&nbsp;ATEC revenues are expected to exceed $12 million in FY 2024 with projected segment positive operating income of approximately $3 - 4 million during FY 2024.
"Cadiz will be operating on all cylinders in 2024," &nbsp;Kennedy said.

Cadiz To Expand Executive Team In 2024; Executive Chair, Susan Kennedy, To Step Into Full-Time Role As CEO Beginning January 1, 2024;  Scott Slater, Who Has Served As President And CEO, Plans To Continue To Serve As A Senior Advisor To The Company

Cadiz, Inc. (NASDAQ: CDZI/CDZIP) announced today that the Company entered into a binding agreement with San Bernardino County, Santa Margarita Water District ("SMWD") and Fenner Gap Mutual Water Company to provide priority rights to water supply from the Cadiz Water Conservation and Storage Project ("Cadiz Project") to public water systems serving San Bernardino County communities.
<a href="https://mma.prnewswire.com/media/2264892/Copy_of_MOU.pdf?p=original"><img src="https://mma.prnewswire.com/media/2264892/Copy_of_MOU.pdf?p=pdfthumbnail" alt="Copy of MOU among San Bernardino County, Cadiz Inc., Santa Margarita Water District and Fenner Gap Mutual Water Company reserving water from the Cadiz Water Project for desert communities and County water systems" /></a>
The new agreement, approved first by the San Bernardino County Board of Supervisors on October 24, 2023, amends the 2012 Memorandum of Understanding ("MOU") between Cadiz, the County and SMWD governing groundwater management for the Cadiz Project in the eastern Mojave Desert. The amendment requires Cadiz to offer binding agreements for water supply from the Cadiz Project to public water systems serving San Bernardino County residents prior to exporting water for beneficial use outside of San Bernardino County.
Additionally, the amendment dedicates 25,000 acre-feet of water supply from the Cadiz Project to disadvantaged communities in the Mojave River region or any other County community expressing a need for new, long-term water supply.&nbsp; As of this date, the Company is aware of five public water systems serving cities in San Bernardino County that have expressed intent to receive water supply from the Cadiz Project.
The amendment, which was approved by all parties to the MOU as of November 1, 2023, will have no effect on existing binding agreements for water supply from the Cadiz Project.&nbsp;

Cadiz Signs Agreement With San Bernardino County And Water Project Agencies To Reserve Water Supply For Desert Communities

Cadiz, Inc. (NASDAQ: CDZI/CDZIP) announced today that the Company has entered into a long-term contract with El Paso Natural Gas Company, L.L.C. ("EPNG") to install a tap on their natural gas pipeline, which runs through the Cadiz Ranch property in the California eastern Mojave Desert. The gas tap will allow Cadiz to replace diesel engines with natural gas engines to power the Company's groundwater wellfield, pump stations and related facilities for its agriculture operations and the Cadiz Water Conservation, Supply and Storage Project ("Cadiz Project"). The high efficiency gas engines are expected to be integrated into solar-hybrid microgrids able to reduce energy costs, cut carbon emissions, and provide 100% uptime reliability for the Company's water supply and storage operations. The tap is expected to deliver new gas power to Cadiz by Q4 2024.
&nbsp;
Earlier this year, the Company announced the selection of Scale Microgrids ("Scale") to develop clean energy microgrids for facilities of the Cadiz Project. Cadiz currently operates one of the largest farming operations in San Bernardino County managing a groundwater basin using diesel generators to power the off-grid groundwater wellfield that spans across thousands of acres. The solar-hybrid microgrids designed by Scale for Cadiz will combine ground mount Solar PV, battery storage, and advanced, high-efficiency distributed generation that can lower energy costs by more than 30%, provide 100% uptime reliability and cut carbon emissions by more than 75%.

Cadiz Signs Agreement With El Paso Natural Gas For Long-Term Power Supply

Susan Kennedy, Executive Director at Cadiz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDZI#NASDAQ">CDZI</a>), reported a large insider buy on September 21, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000727273/000185493923000006//Archives/edgar/data/727273/000185493923000006/0001854939-23-000006-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Kennedy purchased 15,822 shares of Cadiz. The total transaction amounted to $50,155. 
Cadiz shares are trading up 2.45% at $3.34 at the time of this writing on Friday morning.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000727273">Check Out The Full List Of Cadiz's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Executive Director of Cadiz Makes $50K Buy

Cadiz signs northern pipeline delivery deal with Santa Margarita Water District

Warning: CDZI is at high risk of performing badly

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Buying low-priced stocks with explosive potential is any investor&rsquo;s dream &mdash; but it&rsquo;s not easy. Many stocks trade under $10 in the market, yet not all are quality picks. Some deserve to trade at low prices, while some are in temporary slumps that might improve over time. However, to get impressive returns, you must look for relatively unknown stocks showing signs of growth and ride that elevator up to your first million.



Today, I&rsquo;ll show you how I maximize my investment returns by picking the best stocks under $10 that have the potential to make investors millions. To get this list, I used the following criteria below:



<ul><li>Buy ratings from analysts</li>



<li>Trading below $10</li>



<li>Positive YOY revenue growth in the previous fiscal year</li>



<li>Positive YTD performance</li>
</ul>I then sorted my list from highest to lowest YTD price performance to ensure that I only focus on stocks that are market performers. Let&rsquo;s start the list with the top one.&nbsp;



<h2>Paysign (PAYS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/creditcards1600-300x169.jpg" alt="a pile of credit cards, credit card interest rates"><div>Source: Teerasak Ladnongkhun/Shutterstock.com</div></div>One of the top providers of prepaid card programs, Paysign (NASDAQ:<a href="https://investorplace.com/stock-quotes/pays-stock-quote/">PAYS</a>) is a fintech company specializing in prepaid card products and payment solutions utilized by corporate, government and consumer clients.&nbsp;



The company&rsquo;s solutions allow organizations to increase adherence rates, reduce administrative costs and disburse payments and payment benefits. It aims to reinforce its payment processing capabilities further. To assist, the company hired <a href="https://www.nasdaq.com/press-release/paysign-inc.-reinforces-payment-processing-acumen-with-new-executive-hire-2024-03-13">Sandy Ortins, AAP, APRP, NCP</a>, who will serve as an executive on its electronic fund transfer team.



Paysign&rsquo;s FY 2023 financials did not disappoint. <a href="https://finance.yahoo.com/news/paysign-inc-nasdaq-pays-q4-133854222.html">Total revenue grew 24% YOY</a> to $47.3 million, while adjusted EBITDA increased by 21%. Even more impressive is the net income growth that came in at a whopping 528% increase.&nbsp;



&ldquo;We are extremely pleased with our performance as we continue to grow revenue and net income and adjust EBITDA,&rdquo; says <a href="https://finance.yahoo.com/news/paysign-inc-nasdaq-pays-q4-133854222.html">CEO Mark Newcomer</a>. Analysts seem pleased as well, rating PAYS stock a &ldquo;<a href="https://www.nasdaq.com/market-activity/stocks/pays/analyst-research">strong buy</a>.&rdquo; It&rsquo;s trading close to $4 and is already up an impressive 61.42% YTD, so those willing to bet on stocks under $10 can get in on the action.&nbsp;



<h2>LENSAR (LNSR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/robotics-medical-1600-300x169.jpg" alt="robotic arms over medical bed symbolizing medical robotics. favorite robotics stocks to buy"><div>Source: shutterstock.com/MAD.vertise</div></div>Known as the leader in refraction cataract surgery, LENSAR (NASDAQ:<a href="https://investorplace.com/stock-quotes/lnsr-stock-quote/">LNSR</a>) is a medical device company that specializes in femtosecond laser systems used in cataract and corneal astigmatism treatment. The company has two main flagship products:&nbsp;



<ul><li>ALLY Adaptive Cataract Treatment System (ALLY System) helps surgeons perform laser-assisted cataract procedures.</li>



<li>LENSAR Laser System is a treatment platform that helps surgeons perform precise cataract procedures through 3D Augmented Reality.</li>
</ul>LENSAR&rsquo;s FY 2023 results reported <a href="https://ir.lensar.com/news/news-details/2024/LENSAR-Reports-Fourth-Quarter-and-Full-Year-2023-Results-and-Provides-Business-Update/default.aspx">revenue up 19%</a>, with ALLY system sales constituting the bulk of the growth. This good news is further supported by 77% of revenue from recurring business activities and sources. While the company is still operating at a net loss, the bottom line has improved from a loss of $1.96 to a loss of $1.31 per share.&nbsp;<a href="https://ir.lensar.com/news/news-details/2024/LENSAR-Reports-Fourth-Quarter-and-Full-Year-2023-Results-and-Provides-Business-Update/default.aspx">CEO and President Nick Curtis</a> says: 




&ldquo;With continued strong growth in mind, we are working toward securing additional regulatory approvals outside the U.S. and intend to launch in select international markets subject to receiving regulatory clearances, which we expect in 2024 while continuing to expand the ALLY installed base in the U.S.&rdquo;




This vote of confidence contributed to BTIG&rsquo;s &ldquo;<a href="https://www.nasdaq.com/market-activity/stocks/lnsr/analyst-research">strong buy</a>&rdquo; recommendation for LNSR. Yet, it&rsquo;s only up 11.39% YTD, making it one of the more attractive stocks under $10 today.&nbsp;



<h2>Cadiz (CDZI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_3_1600-300x169.jpg" alt="A zoomed in photo of a drop of water hitting a container of water's surface."><div>Source: Sambulov Yevgeniy/ShutterStock.com</div></div>Utility companies mostly have the reputation of slow growers, or income stocks. It&rsquo;s rare to see companies like Cadiz (NASDAQ:<a href="https://investorplace.com/stock-quotes/cdzi-stock-quote/">CDZI</a>), which specializes in water solutions, have a growth spurt.&nbsp;



The company has been getting positive news with its definitive agreement with the <a href="https://cadizinc.com/cadiz-signs-northern-pipeline-delivery-agreement-with-santa-margarita-water-district/">Santa Margarita Water District</a> to provide water supply to the <a href="https://cadizinc.com/cadiz-signs-loi-with-city-of-hesperia-for-water-supply/">City of Hesperia</a>. The $5.2 million contract was awarded to its water filtration subsidiary, <a href="https://cadizinc.com/cadiz-unit-snags-5m-contract/">ATEC Water Systems</a>, for a treatment project in Oregon.



In 2023, Cadiz reported <a href="https://otp.tools.investis.com/clients/us/cadiz_inc1/SEC/sec-show.aspx?Type=html&amp;FilingId=17409738&amp;Cik=0000727273#CDZI20231231_10K_HTM_Item_15">$2 million in revenue</a>, up from $1.5 million in FY 2022. Net loss per common share also shrank from 60 cents to 56 cents per share in the same year.&nbsp;



It makes sense why B. Riley Security rates CDZI stock as <a href="https://www.nasdaq.com/market-activity/stocks/cdzi/analyst-research">a strong buy right now</a>. The stock is up 6.21% YTD, with perhaps more growth to come.&nbsp;



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.</div><h3>More From InvestorPlace</h3>
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Cadiz's ATEC Water Systems secures three new sales contracts for $1.5M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Cadiz (NASDAQ:<a href="https://investorplace.com/stock-quotes/cdzi-stock-quote/">CDZI</a>) just reported results for the second quarter of 2024.<ul><li>Cadiz reported earnings per share of -15 cents.</li><li>The company reported revenue of $513,000.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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AMR Update - Mid-2024

Cadiz names Cathryn Rivera as COO

The latest update is out from Cadiz ( ($CDZI) ). Cadiz Inc., a California water solutions company, has appointed Cathryn R. Rivera as its Chief Ope...

Cadiz Inc. Welcomes Cathryn Rivera as New COO

ARIS

ASPN

BMYMP

BRKR

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HXGBF

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ISUNQ

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Cadiz's ATEC Water Systems Secures Three New Sales Contracts Expected to Add $1.5 million in 2024 Revenues

Cadiz Inc. Announces Former Tribal Chairman David Sickey as Senior Advisor

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